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Buisness policy
1. Student Name: Momina Jameel
Roll no : 15
Subject : Business Policy
Assignment : Business Policy of San Miguel Food and
Beverage
Submitted to : Ma’am Nida Zaheer
Department : Management Sciences
Bachelor in Business Administration
Semester : 08
2. Business Policyof San MiguelFood and Beverage
Whistle-Blowing Policy
San Miguel Food and Beverage, Inc., formerly San Miguel Pure Foods Company Inc. (the
“Company”), and its subsidiaries, as members of the San Miguel Group of companies, adopt
the San Miguel Corporation (“SMC”) Group-wide Whistle-Blowing Policy, which sets forth
the procedures for directors, officers, employees and other interested parties to communicate
concerns regarding the Group’s (including the Company’s and its subsidiaries’) accounting,
internal accounting controls, auditing or financial reporting matters. Nevertheless, the
Company and its food subsidiaries (collectively referred to as “San Miguel Foods” or “SMF”)
has determined that it is imperative for it to have a supplemental Whistle-Blowing Policy
(referred to as the “Policy”) that is broader in coverage, in addition to and aligned with SMC’s
Whistle-Blowing Policy, in keeping with the Company’s core value of “MALASAKIT” and
ensuring that its businesses are conducted in the highest standards of fairness, transparency,
accountability and ethics in the pursuit of good governance. Hence, the Company encourages
any director, officer, employee, or Business Partner (referred to as a “Whistleblower”) to
report or provide information about any activity concerning SMF that he or she considers to
be fraudulent, misconduct, malpractice, corrupt or irregular, and has potential to cause losses
and harm to the business, or any of its employees and/or Business Partners.
Objectives:
1) To increase awareness on the principles of conducting business with the highest standards
of integrity, mental honesty, character and organizational excellence.
2) To implement accountability for our own actions. The Policy encourages individuals to
become more prudent in their decisions and actions on a daily basis as they perform their
tasks and responsibilities.
3) To ensure fair and just implementation of business processes, protocols, rules and
regulations that are aligned with the Company’s way of conducting business.
4) To ensure compliance with, and respect for all applicable laws governing our businesses
and our roles as officers, employees and Business Partners.
3. Coverage of Policy
Concerns, illegal or non-compliant conduct, misconduct, whether actual or suspected,
committed by a director, officer, employee or Business Partner, including but not limited to
the following acts and omissions, are covered by this Policy:
1) Violation of any law or regulatory requirement;
2) Violation of the Code of Business Conduct and Ethics and company policies;
3) Concerns (e.g. malpractice, impropriety, Theft or Fraud) regarding accounting, internal
controls, auditing or financial reporting matters;
4) Improper conduct or unethical behavior likely to cause financial loss to the Company or
prejudice the reputation of the Company or constituting harassment or duress on the part of
any employee, officer, or Business Partner; and
5) Any act or omission analogous to the foregoing, as well as deliberate concealment of any
of the foregoing.
Policy on securities dealing:
Policy statement:
The directors, officers and employees of San Miguel Food and Beverage, Inc., formerly San
Miguel Pure Foods Company Inc. (the "Company"), shall exercise extreme caution when
dealing in the Company's securities and ensure that such dealings comply with this Policy and
the requirements under the Securities Regulation Code ("SRC").
Policy Relating to Health, Safety and Welfare
San Miguel Food and Beverage, Inc., formerly San Miguel Pure Foods Company Inc.
(“SMFB”) and its subsidiaries (SMFB and its subsidiaries each a “Company”), is committed
to its employees’ safety, health and welfare, and to nurture their individual capabilities.
Programs are in place to ensure the safety of the workers. These programs, particularly in the
operating companies under SMFB’s Food, Beer and Spirits Divisions, include the elimination
of occupational hazards in the workplace, provision of protective wear and/or equipment,
proper training in the handling and use of machinery and materials, safety reminders and other
measures that may be necessary to maintain their safety. Employees are protected from undue
exposure to chemicals, biological and physical hazards, and in the event exposure to these are
inevitable, safety information is provided to educate, train and safeguard employees.
The Company identifies, assesses and prepares for potential emergency situations in the
workplace, and minimizes their impact through prevention and readiness to implement
4. emergency plans and response procedures. In case such an emergency occurs, the proper
authorities are informed immediately. The Company complies with all applicable
environmental regulations. All required environmental permits, licenses, authorizations,
registrations and clearances are obtained and their operational and reporting requirements
followed.
Data Privacy Principles:
All Processing of Personal Data within the Company should be conducted in compliance
with the following data privacy principles as espoused in the Data Privacy Act:
a. Transparency. The Data Subject must be aware of the nature, purpose, and extent of the
Processing of his or her Personal Data by the Company, including the risks and safeguards
involved, the identity of persons and entities involved in Processing his or her Personal Data,
his or her rights as a Data Subject, and how these can be exercised. Any information and
communication relating to the Processing of Personal Data should be easy to access and
understand, using clear and plain language.
b. Legitimate purpose. The Processing of Personal Data by the Company shall be compatible
with a declared and specified purpose which must not be contrary to law, morals, or public
policy.
c. Proportionality. The Processing of Personal Data shall be adequate, relevant, suitable,
necessary, and not excessive in relation to a declared and specified purpose. Personal Data
shall be processed by the Company only if the purpose of the Processing could not reasonably
be fulfilled by other means.
Link:
https://www.smfb.com.ph/articles/company-policies